Nifty Future Tip

Nifty Trade Yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

After breaking previous day’s low (11322) Nifty Future tried to recover from 1^st low 11300 to 11365, but failed and sleep down to 11297, and finally sharply and made day’s high 11430.

Nifty Future Move

After two days continue correction this bounce back was a relief for Bulls for the time being. But you should take it carefully; it may be a relief or may be a trap for bulls.

Indian VIX open-high was 15.3300(also previous day close), from the top it made low 12.9800(-7.05%). A steady decries of VIX high to low indicating low volatility at market. And clear the chance of bounce back from a corrective move.

As like Tuesday’s session (-1454.63 Cr.) also at Wednesday Foreign Institutional Investors have net sold -1086.39 Cr. But as usual Domestic Institutional Investors was at buy mood. They have bough net +541.44 Cr.

Key Support-Resistance level of Nifty future

At first half of trade Nifty Future may take support at 11375.60. If sleep it (!) then may take next crucial support at 11330.

 

Predicting Market

Vital resistance of the day is 11483.85 above this level tough hurdle is 11505. Be cautious at this level. Nifty Future may reverse to down around this level.

Today’s Overview:

First half’s move will towards upside. If volume support then may face hurdle around 11505. It may be a turning point.